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प्रश्न
Identify the market having a single buyer and many sellers from the following:
पर्याय
Monopoly
Monopsony
Perfect competition
Monopolistic competition
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उत्तर
Monopsony
Explanation:
In a monopsony market system, there is only one buyer, and hence that buyer has tremendous power over demand. Because there are so many vendors, the buyer can obtain significant bargaining power and determine their terms.
संबंधित प्रश्न
Define Discriminating Monopoly.
Explain three features of Perfect competitive market.
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Imperfect knowledge is a characteristic feature of:
State two important characteristics of monopoly.
Identify the market form for the item given below:
A single buyer
Give an example of price discrimination.
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following.
Price discrimination
